Business

750 farmers in fertiliser boost

ESTHER MSETEKA, Lusaka
AFRICAN Potash, a pan-African London-listed firm, has signed an agreement with Nutri-Aid Trust to supply fertiliser to over 750,000 farmers across the country.
Nutri-Aid Trust is an organisation working to develop a network at village level across Zambia.
According to a statement obtained by the Daily Mail on the African Potash website recently, the deal will enable the company take part in the Nutri-Aid supply network that services 2,500 outlets, with each branch serving about 300 farmers with fertiliser.
“The first delivery took place on July 10, 2016, and subsequent sales by African Potash to the outlets over the following days amount to US$50,000 of revenue,” it says.
Commenting on the development, African Potash executive chairman Chris Cleverly said the agreement with Nutri-Aid will enable the firm access sales outlets for smallholder farmers.
“I am pleased to report that initial revenues have already been generated and funds received. We are laying the foundations for growth and I look forward to keeping shareholders updated with our progress,” he said.

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